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In this episode of Bitcoin Magazine‘s “Meet The Taco Plebs”, BtcCasey and Tyler Laroche were endorsed by Texan HODL, a Bitcoiner colleague who has just started working in the industry.
They discussed how the Texan HODL discovered Bitcoin via a popular online game called RuneScape. Then they talked about the underlying research and reading that prepared Texan HODL to enter the Bitcoin thought space – research like the problems with the 2008 financial crisis.
The conversation then switched gears and moved on to what Texan HODL finds most amazing about Bitcoin. He cites the insane differences in the use cases, applications, and meaning of Bitcoin to different people.
Finally, Texan HODL revealed what they’re looking forward to most in the Bitcoin industry, as well as their price predictions for 2021 and 2030. Be sure to check out the full video on YouTube and keep an eye out for the next “Meet The Plebs.”
What’s your bitcoin rabbit hole story?
I first heard about Bitcoin in July 2013. I was a huge RuneScape fan growing up. One day I came across a website where you could buy RuneScape gold with something called Bitcoin. After asking my grandmother for days, she finally agreed to set up a Bitstamp account for me and we bought 2 bitcoins for about $ 200. I thought I would get a lot and buy wrong money with another wrong money! Then I sent the bitcoin to a seedy company and got my RuneScape gold. After that, Bitcoin didn’t come back on my radar until my first year of college in September 2017. During high school I had spent much of my time studying the 2008 financial crisis and had developed a strong dislike for the Federal Reserve’s reckless response to the crisis. When I read the Bitcoin whitepaper in September 2017, it clicked for me right away. Hard money controlled by rules, not rulers. It was exactly what I was looking for. I immediately dived into the rabbit hole reading all of the literature I could get my hands on and haven’t looked back since.
How has Bitcoin changed your life?
Bitcoin changed my life in two ways. First, it significantly lowered my time preference. Before I found out about Bitcoin, I was spending all of my money as soon as I got it. This is just one of the problems with inflationary fiat currencies, they encourage spending, not saving. After learning about Bitcoin, I did just the opposite. I no longer spend money on senseless materialistic things, no longer go out to eat five times a week, or spend $ 200 at the bar. It taught me to be responsible with my money and to save for the future. Second, it gave me hope. When I went to college in 2017, I was pretty lost. I didn’t know what to do with my life and the future looked pretty bleak. Now that I have Bitcoin, I am extremely optimistic about the future. I finally found something that gave my life meaning.
What is the most amazing thing about Bitcoin for you?
The most amazing thing about Bitcoin for me is that Bitcoin is different for different people. You can’t put it in a box. For example, if you’re the CFO of a company and need to protect your liquidity position from currency devaluations, Bitcoin can help. If you are a citizen of a country ruled by an authoritarian regime, Bitcoin can help you escape capital controls. If you want to send $ 5 to a loved one in another country, Bitcoin can do it instantly and for free. The list goes on and on. This versatility of Bitcoin blows me more and more every day.
What are you most looking forward to in the Bitcoin space?
I’m excited to see where Jack Mallers Strike is going. The ability to send money all over the world instantly and for free is mind-boggling to me. What he’s doing in El Salvador is amazing and I’m excited to see what he’s doing next.
Price forecast for the end of 2021 and the end of 2030?
My forecast for the end of 2021 is $ 100,000. I think ETF approval is likely by the end of the year and will free up a lot of capital that is currently on the sidelines. My bearish forecast for 2021 is $ 58,000 because Deniz and his $ 58,000 gang will be hard to beat. My price forecast for 2030 is ~ $ 1 million. I have no reason for this prediction other than “it goes up forever, Laura”.